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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (797)	11/5/2001 11:57:18 AM
From: Augustus Gloop	Read Replies (1) of 23786

For those doing flip trades right now I would seriously watch AAPL. They seem to keep a fairly tight range (much like last spring) between 17 and 19. It's not sexy and you wont get rich but for the disciplined trader it offers a fairly nice range with what is limited risk. I say limited risk not because the stock can't dip below these levels as it surely can. However, I believe they have between 12 and 13 per share in cash. That means the operations part of business is for all intents and purposes only given a value of between 5 and 7. I think a careful trader can flip this stock for $1.00 moves and make some decent money. It wont make you rich but it beats the hell out of taking risks that have shown quite a bit more downside.

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